Laserfiche WebLink
.• ' BU�K���� pAGE�G+�� <br /> 1. The Owners shall cause the Premises to be <br /> subdivided in accordance with Ordinance No. 80-56 of the <br /> City, as amended ("the Subdivision Ordinance") , and said <br /> subdivision shall be into two lots (hereinafter, "Lot 1" and <br /> "Lot 2") substantially as shown on the plat of said Premises <br /> entitled Kesler Park Addition, which plat is attached hereto � <br /> and hereby made a part hereof. <br /> 2 . After the subdivision described in paragraph 1 <br /> hereof, the Owners shall file an annexation petition with <br /> the City, in compliance with I11.Rev.Stat. 1991, ch. 24, <br /> para. 7-1-8, said petition to describe Lot 2 and the south <br /> 360 feet of Lot 1 and to request that the same be annexed to <br /> and included within the corporate limits of the City. <br /> 3 . The City hereby waives any requirement otherwise <br /> applicable that Owners pay to the City any fee for filing <br /> the petition referred to in paragraph 2 hereof. <br /> 4. Upon receipt of said annexation petition, the City <br /> � shall annex the territory described therein to the City as <br /> provided by law. <br /> 5. For ten (10) years from the date hereof, as limited <br /> herein, the City shall pay to Owners, annually, an amount <br /> equal to the real property tax levied by the City for which <br /> the Owners of the south 360 feet of Lot 1 are liable during <br /> that year. Such payment shall be made by the City upon <br /> presentment to the Finance Department of a copy of the tax <br /> bill for said Premises as prepared by the Macon County <br />,I <br />